james16 Chart Thread | Page 4634 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #92,661
  • Mar 31, 2011 7:33am Mar 31, 2011 7:33am
Quoting MCFly
Hello all...what do you think about the GBP/USD 4 hr BEOB?
Hi McFly..that was a DH w/out the lower close on my feed. I skipped that one..didn't care for the proximity of what looks like a FTA to me (1.6040 to 1.060ish) either.

..just my thoughts based on my feed

Have a good one!
  • #92,662
  • Mar 31, 2011 7:35am Mar 31, 2011 7:35am
Quoting trader3000
M30 pb


Was there any larger TF reason to enter this trade here? I see where you're coming from, but m30 should really be tackled after graduation from higher TFs. Forgive me if you're well practiced.

The low of the M30 double bottom was lower than the prior bottom.
Your exit was good though, but as for it allowing you to put on a bigger position, I see that as dangerous, with M30's ability to whipsaw.

Jim, Mike, should I stop posting lower TF charts?
Attached Image (click to enlarge)
Click to Enlarge Name: ucadh4.jpg Size: 91 KB
  • #92,663
  • Mar 31, 2011 7:38am Mar 31, 2011 7:38am
Quoting MCFly
Your charts remind me of sam seidens way of trading.
As I've said before, he's the one waiting for us at FTA
  • #92,664
  • Mar 31, 2011 7:40am Mar 31, 2011 7:40am
Quoting Donkey
Agree with everything here....that said here is my short order on the pair. If trade triggers and makes the trouble area around 9120, I plan to reduce risk to above the LCS /RN and give it some room. Also, last week's bar closed as .9200, so the HCR you marked is also a weekly HCR.

I also wouldn't be surprised with a retrace back to .9230 area, so I am actually going to demo this as a retrace as well.
Thanks for your comments Donkey. In the end I passed on this because of the preceding bars adding to consolidation right before the PPZ level and the PB.
  • #92,665
  • Mar 31, 2011 7:42am Mar 31, 2011 7:42am
Quoting Ifmyante
As I've said before, he's the one waiting for us at FTA
oh sorry I've missed it.
  • #92,666
  • Mar 31, 2011 7:49am Mar 31, 2011 7:49am
Took this position last night, I know it wasn't an AA setup.. but I felt like playing poker last night...

100 + in the account, and the other is riding at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: Outcome.png Size: 72 KB
How bad do you want it? That's the attitude!
  • #92,667
  • Mar 31, 2011 7:53am Mar 31, 2011 7:53am
Quoting MCFly
oh sorry I've missed it.
It's important to know who's on the opposite side of our trades. I'm glad you know him

He also works on charts down to the M2, I've seen, so he can really help push price the right way for us on RTs of HTF bars.
Isn't teamwork great?
  • #92,668
  • Mar 31, 2011 8:07am Mar 31, 2011 8:07am
WOW
That was the fastest trade I had since my 1M trading

Haha EASY MONEY HA
Attached Image (click to enlarge)
Click to Enlarge Name: 310311_gbpusd_h8.gif Size: 31 KB
  • #92,669
  • Mar 31, 2011 8:09am Mar 31, 2011 8:09am
Quoting Ifmyante


Was there any larger TF reason to enter this trade here? I see where you're coming from, but m30 should really be tackled after graduation from higher TFs. Forgive me if you're well practiced.

The low of the M30 double bottom was lower than the prior bottom.
Your exit was good though, but as for it allowing you to put on a bigger position, I see that as dangerous, with M30's ability to whipsaw.

Jim, Mike, should I stop posting lower TF charts?
well, i see your point. Obviously you have a strong support around this level, divergence, a nearly perfect double bottom and a pinbar. Enough for me to enter a trade.
  • #92,670
  • Mar 31, 2011 8:09am Mar 31, 2011 8:09am
Quoting Adilius07
WOW
That was the fastest trade I had since my 1M trading

Haha EASY MONEY HA
  • #92,671
  • Mar 31, 2011 8:13am Mar 31, 2011 8:13am
Quoting Adilius07
WOW
That was the fastest trade I had since my 1M trading

Haha EASY MONEY HA
I had once a trade which moves 60 pips in 5 seconds or so in my direction.
  • #92,672
  • Mar 31, 2011 8:25am Mar 31, 2011 8:25am
Quoting Ifmyante
It's important to know who's on the opposite side of our trades. I'm glad you know him

He also works on charts down to the M2, I've seen, so he can really help push price the right way for us on RTs of HTF bars.
Isn't teamwork great?
I have seen a thread about sam's style of trading in the discussion section. I have found this link http://consult-fx.com/21-sam-seiden-webinars
and I can remember that somebody in Kennth Lee's thread posted a link to a huge video about sam seiden's course. Unfortunately I haven't time until now to study the method.
  • #92,673
  • Mar 31, 2011 8:25am Mar 31, 2011 8:25am
Just bought Usd/cad at 0.9705. Nice PA on H4 ...retrace entry on m15. 0.9700 might be good barrier for sl. Add on breakout......
Attached Image (click to enlarge)
Click to Enlarge Name: uc.PNG Size: 32 KB
  • #92,674
  • Mar 31, 2011 8:30am Mar 31, 2011 8:30am
Quoting MCFly
Your charts remind me of sam seidens way of trading.
Stop advertising!!! (LOL)

[tongue in cheek comment - refer to post from yesterday]
  • #92,675
  • Mar 31, 2011 8:31am Mar 31, 2011 8:31am
i ve spent the past 8 weeks watching sams webinars and alot of his stuff overlaps with FF, he uses different lingo

in fact this week ive started combining Sams demand and supply method and FFs PA

couldnt do FFs min requirements as the A+ set-ups are few and far between that if u r not around to catch them its quite a pain

trying Sam and FF on all TFs and this week is going ok tbh
  • #92,676
  • Mar 31, 2011 8:55am Mar 31, 2011 8:55am
Quoting antgal23
i ve spent the past 8 weeks watching sams webinars and alot of his stuff overlaps with FF, he uses different lingo

in fact this week ive started combining Sams demand and supply method and FFs PA

couldnt do FFs min requirements as the A+ set-ups are few and far between that if u r not around to catch them its quite a pain

trying Sam and FF on all TFs and this week is going ok tbh
Ditto. Never knew the market was so predictable, whatever the TF
  • #92,677
  • Mar 31, 2011 8:58am Mar 31, 2011 8:58am
Hi, this is euraud i took, what's going on now is not clear. Though its a demo i dont know why it fail to push out. can someone explain pls
Attached Image (click to enlarge)
Click to Enlarge Name: euraud2011.gif Size: 18 KB
  • #92,678
  • Mar 31, 2011 9:07am Mar 31, 2011 9:07am
Did anyone exit the CC short?
Attached Image (click to enlarge)
Click to Enlarge Name: cch4.jpg Size: 148 KB
  • #92,679
  • Mar 31, 2011 9:10am Mar 31, 2011 9:10am
Quoting kdee1
Hi, this is euraud i took, what's going on now is not clear. Though its a demo i dont know why it fail to push out. can someone explain pls
This is my view.
From your chart there is a PPZ (price pivot zone) support/resistance line/zone - whatever it is you like to call them.
This is the one around 1.36.
You can see price has found support and resistance at this level several times in the past.
Price rose to 1.4335 and then came down again almost as quickly.
When price hit the 1.36 PPZ it reacted to it.
It hit the PPZ which provided support and it bounced up forming a pinbar.
It then returned to the PPZ (as it often does) and formed something of another pinbar. Now we have a bullish bar.
Suggests that price has been unable to breach the 1.36 PPZ and will either continue back up or bounce along the PPZ for a bit longer before either having another go or heading north again.
  • #92,680
  • Mar 31, 2011 9:17am Mar 31, 2011 9:17am
Quoting Ifmyante
Did anyone exit the CC short?
I am still in from last night.
It has got stuck around .94 as you might expect.
I am watching and waiting to see if it gets through. As long as the Swiss National Bank does not intervene I feel it will get through and make some more pips. (There were muttering from the Fed yesterday about the appreciation of the CHF to almost record highs against the USD).
45 traders viewing now